Palau’s Ripple-supported stablecoin pilot achieves positive results
The U.S. dollar-pegged Palau Stablecoin was used by 168 volunteers for $100 of retail purchases in three months. Go to Source
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Crypto adoption in Cyprus beefed up by ByBit license approval
Following Binance’s departure from the island, ByBit strengthens Cyprus’ crypto ecosystem with license approval for operations Go to Source Powered by WPeMatico
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch
Central bank Governor Nandalal Weerasinghe believes that adopting decentralized cryptocurrencies would worsen the country’s economic situation. Go to Source Powered by WPeMatico
Island nation turns to metaverse to preserve its disappearing heritage
The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due to climate change. Go to Source Powered by WPeMatico
An In-Depth Look at Satoshi Island — A Crypto-Centric Residential Community in Vanuatu Where Land Titles Are NFTs
According to reports, there’s a 32 million square-foot island located in Vanuatu that’s in the midst of being constructed into a crypto-centric residential community by the island’s owners: Satoshi Island Holdings Limited. So far, more than 50,000 individuals have applied to live on Satoshi Island, and land rights will be minted in the form of … Read more
Vanuatu Prime Minister says yes to Satoshi Island crypto project
The Vanuatu government announces its support for Satoshi Island Community Project, a private crypto island where fiat isn’t invited. Go to Source Powered by WPeMatico
‘Satoshi Island’ crypto utopia receives 50K citizenship NFT applications
A crypto island in the South Pacific where fiat is not allowed is making waves: Modular homes under construction, NFT citizenship applications and a promise of a decentralized future. Go to Source Powered by WPeMatico
Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages
Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility, … Read more
Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes
Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners. Iran ICT Minister Says Gulf Island of Kish Has What It Takes to Be … Read more
Residents of Caribbean island can conduct local transactions using Bitcoin
“The adoption of cryptocurrencies is far from being a gimmick,” said one of the entrepreneurs behind a project developing property on the island. Go to Source Powered by WPeMatico
